Qualcomm (QCOM) PT Raised to $195 at Mizuho Securities Following Bullish Analyst Day

Qualcomm (QCOM) PT Raised to $208 at Goldman Sachs

November 17, 2021 6:47 AM EST

Goldman Sachs analyst Rod Hall raised the price target on Qualcomm (NASDAQ: QCOM) to $208.00 while maintaining a Buy rating following the company's Investor Day.

The analyst commented, "We believe investors can now move beyond the concern that Apple builds it own... More

Qualcomm (QCOM) PT Raised to $225 at Piper Sandler

November 16, 2021 4:11 PM EST

Piper Sandler analyst Harsh Kumar raised the price target on Qualcomm (NASDAQ: QCOM) to $225.00 (from $190.00) while maintaining a Overweight rating.... More

Qualcomm (QCOM) PT Raised to $175 at Susquehanna, Following Strategic Business Update, Analyst Day

November 16, 2021 3:16 PM EST

Susquehanna analyst Christopher Rolland raised the price target on Qualcomm (NASDAQ: QCOM) to $175.00 (from $157.00) while maintaining a Neutral rating.

Analyst comments: "On Tuesday, November 16, Qualcomm hosted an Analyst Day in New York City. Management was focused on illustrating a diversified... More

Qualcomm (QCOM) Announces New Growth Targets and Financial Guidance Through Fiscal 2024

November 16, 2021 1:14 PM EST

Qualcomm Incorporated (NASDAQ: QCOM) today said it is continuing to expand its chipset business to meet the growing opportunity for its technology at its 2021 Investor Day. The Company expects its addressable opportunity to grow from approximately $100 billion today to $700 billion in the next decade, as more devices become intelligently... More

Qualcomm forecasts post-Apple sales growth, shares hit all-time high

November 16, 2021 12:06 PM EST

By Stephen Nellis

(Reuters) -Qualcomm Inc said on Tuesday it expects chip sales to Apple Inc to dwindle to a trickle in the coming years but predicted brisk growth in chips for autonomous cars and other connected devices, sending shares up 7.9% to a record high close of $181.81.

Qualcomm currently supplies all of the modem chips that connect Apple's devices to mobile data networks, but Apple is working on its own modem chips.

At an investor conference in New York, Qualcomm executives said they expect to supply only 20% of Apple's modem chips by the launch of the iPhone... More

Qualcomm (QCOM) Adds to Gains on Handset Guide

November 16, 2021 12:04 PM EST

Qualcomm (NASDAQ: QCOM) pushes even higher amid the ongoing Investor Day. Analysts were positive on the handset guide.

Lynx Equity Strategies analysts KC Rajkumar and Jahanara Nissar, noted: Handset 3-yr CAGR: 12% vs. consensus 5%; significant beat.

Shares up 3%.

... More

Qualcomm (QCOM) Gains Amid Ongoing Investor Day

November 16, 2021 11:45 AM EST

Qualcomm (NASDAQ: QCOM) is gaining 1.3% amid today's ongoing Investor Day.

Lynx Equity Strategies analysts KC Rajkumar and Jahanara Nissar were positive into the event, noting so far:

Handsets: announces 2-year contract agreements with Xiaomi, Oppo, Vivo, HonorRFFE: Superior filter and PA performance via... More

Qualcomm, diversifying from mobile phones, to supply chips for BMW self-driving cars

November 16, 2021 7:34 AM EST

By Stephen Nellis

(Reuters) -Qualcomm Inc on Tuesday said that German automaker BMW will use its chips in its next generation of driver-assistance and self-driving systems.

San Diego-based Qualcomm is the world's biggest supplier of chips for mobile phones but has been diversifying its business, with more than a third of its chip sales coming from sources other than makers of handsets.

Qualcomm's announcement of the BMW win came before an investor presentation where it detailed how the company is working with firms like Meta Platforms Inc on... More

Qualcomm (QCOM) and BMW Group to Extend Technology Collaboration to Automated

November 16, 2021 7:31 AM EST

Qualcomm Technologies, Inc. today announced a collaboration to bring the latest advancements in driver assistance technologies, and products of its Snapdragon Ride Platform, to BMW Group's next generation of advanced driver-assistance systems (ADAS) and automated driving (AD) platforms. Leveraging both companies' expertise in core innovation, BMW Group and Qualcomm Technologies will extend their long-standing relationship to deliver safe, smart and sophisticated driving experiences to BMW Group vehicles. BMW's next generation Automated Driving stack will be based on the Snapdragon Ride vision system-on-chip (SoC), vision perception and ADAS central compute SoC controllers managed by Qualcomm® Car-2-Cloud services... More